Making Money - How You Can Flourish in Any Economy

Making money is something that few people understand and even fewer have mastered. Most of the "lucky ones" find themselves on a path to riches and then something like a recession puts them in the poor house, or the nut house - and back to square-one we go!
Here is a cold, hard fact: Anyone who can experience the situation where years of hard work in building a success from the ground up that can suddenly experience a drought just from a shift of the economy is living/working in a house of cards. It doesn't matter whether this is real estate investing, running a franchise, working 9 to 5 for The Man..., if it can crash and burn with a changing environment, you're in serious trouble because NOTHING stays the same!
Successful money-making actions that only work under certain circumstances and not in others is a very dangerous game-plan to have. This would be like having a baseball team that could only win games in fair weather. And when it rains..., forget it. Total failure! The same goes for making money.
As this article is being written, the business world suffers from this very issue - especially for the individual - the entrepreneur. We face an economy where consumers, afraid of their future survival, grip their dollars as a recession looms. In result, once-successful entrepreneurs are fighting to stay above water and thriving businesses are struggling to stay in business as more employees get pink slips. The scale tips, like a see-saw, and a few areas such as Debt Repair, Cash Advance and Collections - which only truly flourish in a down economy - come in, like vultures, and "temporarily" enjoy the rotting fruits of others' failures.
In the search for the perfect income source, the entrepreneur has yet to recognize the ideal solution, though it rests right under their noses. The reason for its "stealthness" is likely due to its simplicity and misconceived notion of meagerness. Yet, this very thing possesses the true potential of great wealth to those who pursue it with zest and vigor - without a doubt.
With things changing faster and faster on this planet, picking up pace year after year, the "know-how" to making money - good money; the kind of money-making that most people only dream about or envy in others kind of money - becomes less. It is because so called gurus who proclaimed "riches for all" are suddenly applying for unemployment compensation or standing in food lines. This is not to say that many of them didn't have something worthwhile. My point is that the technologies of about 98% of these financial "educators, teachers, philosophers" only work under certain circumstances, not all the time! And again, that is a house of cards. It is short-lived and has devastating consequences.
Did you ever meet someone who specializes in one thing and they always seem to have just one solution for everything? The Chiropractor, though I personally believe they do a great deal of good, wants to crack your bones to resolve EVERY problem. The medical doctor wants to subscribe drugs for EVERY problem. The psychiatrist...electric or drug-induced shock for what ails you? They prescribe those means of "resolution" or anti-depressants for practically the hick-ups. Don't even let me get started on them! This type of one-size fits-all approach never works. Why? Because people are different.
The same goes for your money lines. The fact is, in the financial realm and the business world in general, the climate can be different from decade to decade or even from year to the next. This is a condition known as "volatile" - unstable, ever-changing, unpredictable, dangerous. But it is only dangerous when you have but one solution - one income-producing stream. And the need to recession-proof has never been more important or necessary than it is in today's economic climate.
The single thing that you are doing is not enough to allow you to endure change; it is only temporary. With an economy where things never stay the same, it becomes vital to not only add different money-making streams, it requires that you move towards opportunities that can withstand ANY scene, any economy. It must be far-reaching in a nationwide and global sense.
Will it work in a bearish economy? Will it thrive during a bullish economy? Will it perish in a down-trend? Will it still work in some locations during times when it's not working in other places? These kinds of questions must stand up to anything that you might consider becoming involved with. That includes the company you would consider being employed by or, believe it or not, they can even be used in choosing a spouse. Do you doubt this?
Though it's about as romantic as a prenuptial agreement, no one ever said that practicality was disallowed from the equation for pairing up lovers. And perhaps the 'one out of every two marriages end up in divorce' statistic should scream for a more practical approach for today's world of relationship building. If you think I'm being silly, ask yourself this: Would your significant other leave you during the tough financial times (down economy) of your life? You may be one of the "lucky ones" whose spouse stays to weather the storm. But know that just as many have walked out.
So how do we recession-proof our money-making abilities and save our marriages, if we were unfortunate enough to have chosen a fair-weather spouse? How do we flourish when the economy causes everything to crash? The answer is to have something that people want in "any" economy. People won't set it aside as a "luxury that we can't afford right now" kind of thing. But it also has to hold steady its price, where people will still want it and buy it and even "need" it. And if things were to become so bad that people just could not afford it (remember The Depression), it would have to still possess appeal and selling power somewhere else in the world where there would be a completely different economy. So what could this possibly be?
One of the most ideal, effective, sustaining, viable lines of income can be established through books. More specifically, it is a book that you are the author of. You don't even have to be a book writer because you can hire one to write it for you. The important point is that you have to have a book written well enough that people will buy it, people will need it, people will want it and they will benefit from it in some way. This is where having a qualified professional book writer is key.
Though I have other articles that explain how to safely find a qualified book writer to write your book, if I were to give you any advice here, it would be to seek out a company; one that has been around for years and can back their claims of "satisfied customers" through a reputable entity such as the Better Business Bureau. I am sorry to say that the individual writer has to contend with too many instances, though perhaps not from themselves specifically, of financial theft and poor quality manuscripts to thousands of unsuspecting aspiring authors over the years. Therefore, it would be irresponsible of me to recommend anyone deal with individual book writers. It is simply too risky based on the law of odds.
This simplifies and narrows your search down from literally thousands of confusing potential choices to two or perhaps three entities. I am not going to be so egocentric as to recommend my company, WriterServices.net. Instead I ask that you always, as in every decision-making process in your life, do your research and draw your own conclusions. THIS is what makes a happy and wealthy individual - one who is in control of his or her own life and destiny.
Even during bad times, people look to books for comfort, for pleasure, and most of all for information that is going to help them survive better. And, of course, books sell in strong economies as well.
A book of this kind is the best source for earning income in any economy. A book should be first on anyone's list for building multiple income streams. And one should not be satisfied with just one or two. Know that you should have, minimally, three different sources or streams of income generation. And books is a #1, ideal, stable source of money. Best of all, creating more streams of income can simply be made by having more books created. And with the right set-up, it (or these) can be passive money-making streams. In other words, books can be automatic money makers without lifting a finger.
Anyone can have one or more books as additional sources of income while pursuing other ventures of money making or holding a 9 to 5 job. The point is that YOU MUST HAVE MULTIPLE STREAMS OF INCOME AND YOU MUST HAVE AT LEAST ONE BOOK AS ONE OF THOSE MONEY-MAKING STREAMS.
So there you have it, the most stable stream of income you could ever want is from books, whether self-published or traditionally published. And the possibilities to make money by being an author, is truly limitless, as history has proven over the centuries. By themselves, book can sell millions of copies. They can also be the launching pad for other more expensive products, like study courses, lecture CDs, systems and programs that sell for thousands of dollars. And people will buy them because they came to know you through your book. Truly, the sky is the limit once you have a professionally written book under your belt.
Make money, lots of money...even in a tough economy! You can make money, and continue to make money, with your own book(s).
Robert S. Nahas is owner and president of Writer Services - http://www.WriterServices.net - the largest literary services company in the world. He and his team of experts show aspiring authors daily how to achieve their goals and succeed with their books, and become wealthy in any economy. E-mail: robert@WriterServices.net
Robert S. Nahas is a professional book writer and has written numerous published books of his own and for others, and helps aspiring writers and authors achieve their dreams of getting their books written, published and selling well. You can get more information on how to find good book writers for hire, how to get published, find a good agent, find funding... and more at http://www.thesavvyauthor.com
Copyright 2008 by Robert S. Nahas - All rights reserved.
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